KUWAIT CITY, Nov 23: KAMCO (KIPCO Asset Management Company) has uploaded a virtual trading program onto its website which allows users to practice and hone their online trading skills. The program, KAMCO Stock Simulator (KSS), was initially developed by the IT Department at KAMCO for students at Kuwait University, and is now available to all website visitors. Using KSS, users create their unique profiles, and are automatically set up with KD 50,000 in virtual money which they then use to buy and sell virtual stocks on the Kuwait Stock Exchange in exactly the same way as one would in real life.
On this occasion, KAMCO’s Acting Head of Sales and Marketing, Ms Rola Al Mohtaseb said, “It is often a daunting task to invest one’s hard-earned money on the stock exchange, especially during turbulent times, and we at KAMCO are aware of this dilemma. It is for precisely this reason that we have developed this program — we want to revive consumer confidence within a very realistic setting.”
Our corporate social responsibility agenda has just been broadened with this new step, as it will provide an opportunity for people from all sectors to practice trading on the Kuwait Stock Exchange before, hopefully, investing and trading in reality.
Established in 1998 with the mission to significantly alter the local and regional investment landscape, KAMCO is a premier investment company based in Kuwait. A subsidiary of United Gulf Bank (UGB) — the investment banking subsidiary of Kuwait Projects (Holding) Company (KIPCO) — KAMCO was listed on the Kuwait Stock Exchange (KSE) in 2003.
After eleven years of conducting business in Kuwait’s dynamic investment industry, KAMCO has successfully established a robust reputation for solidity, characterized by its prudent, conservative investment philosophy which has consistently commanded the goodwill of a wide patron-base.
KAMCO’s Asset Management Division specializes in customized portfolio management, forward trading, access to IPOs, and local and international fund management.
The Investment Advisory and Research Division tracks the latest directions and trends across regional and local economies as well as equity markets and offers a range of customized services that focus on maximizing returns, mitigating risks, and maintaining capital appreciation for individual and institutional clients. The Company’s Financial Services and Investment Division offers a full range of advisory services on mergers and acquisitions, underwriting, private placements, debt issuance and restructuring, and private equity management.
In 2010, the Company will further aggressively build upon its core competencies to offer MENA-wide investment management consultancy and services, backed by its proven track-record in stringent risk mitigation, investment product innovation, and a cautious investment approach towards local, regional and international capital markets.